Table of Content
Our data are calculated and updated every three months for each neighborhood, city and town, approximately two months after the end of the previous quarter. Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage transactions to the FHFA. These data are combined with the data of the previous 29 years to establish price differentials on properties where more than one mortgage transaction has occurred.

An index above 100 means Cheyenne is expensive, while a number below 100 means it's a relatively cheap place to live. At NewHomeSource.com, we update the content on our site on a nightly basis. We seek to ensure that all of the data presented on the site regarding new homes and new home communities is current and accurate. It is your responsibility to independently verify the information on the site. Most Expensive Home This home is 1418% higher than the average home in this area.
Market Snapshot
The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas. Relative to Wyoming, our data show that Cheyenne's latest annual appreciation rate is higher than 50% of the other cities and towns in Wyoming. Percentages are based on the number of housing units for each type over the total number of units across all types. The proportion of homes and apartments in the city built within a certain time period.
Compared to only Wyoming, Cheyenne has a cost of living index that's 1.0x lower than Wyoming's index of 100. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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Realtor.com® wants to make sure you can search for a house with price reduced with ease. That is why we have compiled a list of 93 homes with price reduced that are currently for sale within Cheyenne, WY residential boundaries, including open house listings. View each home individually and read the property details, which include the price, sales history, property tax, school information and much more.
The cumulative appreciation rate over the ten years has been 84.40%, which ranks in the top 30% nationwide. This equates to an annual average Cheyenne house appreciation rate of 6.31%. Single-family detached homes are the single most common housing type in Cheyenne, accounting for 65.71% of the city's housing units. New construction homes for sale in Cheyenne, WY have a median listing home price of $360,000. Pools, home gyms, high-tech fixtures, sweeping security systems, spacious yards, and a room for every need are luxuries most people covet.
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As people spent more time than ever before in their homes, these luxuries—and the cavernous square footage and yards that house them—became more desirable than ever. The predominate size of homes in the city based on the number of bedrooms. Homes include single family houses as well as apartment and condominium units.
Currently, there are 623 homes listed in Cheyenne which include 3 condos, 1 foreclosures. Get started by checking out the most popular home & the most saved home by Coldwell Banker homebuyers in the last 30 days. When you are ready to explore homes, read what Coldwell Banker agents have to say about Cheyenne and discover homes for sale in Cheyenne. To learn more about home values in Cheyenne, Wyoming, Stacker analyzed data from realtor.com to compile a list of the most expensive homes for sale in the city. Appreciation rates for homes in Cheyenne have been tracking above average for the last ten years, according to NeighborhoodScout data.
What is the cost of living in Cheyenne, WY?
Stacker compiled a list of cities with the fastest-growing home prices in Cheyenne, WY metro area using data from Zillow. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 6 cities and towns with data available were included in the list.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cheyenne. Owner-occupied housing accounts for 68.42% of Cheyenne's homes, and 56.99% have either three or four bedrooms, which is average sized relative to America. The median value of a home in the United States reached $363,300 in July 2021, according to the National Association of Realtors. The market grew competitive and the price of homeownership shot out of reach for many Americans—but not for those willing to shell out big money for the most expensive homes on the market. The percentage of housing units in the city that are occupied by the property owner versus occupied by a tenant .
This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac . Then proprietary algorithms developed by Dr. Schiller, NeighborhoodScout's founder, are applied to produce neighborhood appreciation rates. Appreciation rates are updated by NeighborhoodScout each quarter as additional mortgages are purchased or securitized by Fannie Mae and Freddie Mac.

There are 855 active homes for sale in Cheyenne, WY. Some of the hottest neighborhoods near Cheyenne, WY are Historic Cheyenne, Western Hills, Sun Valley, The Pointe, Mountview Park. You may also be interested in single family homes and condo/townhomes for sale in popular zip codes like 82009, 82001, or three bedroom homes for sale in neighboring cities, such as Burns, Carpenter, Carr, Granite Canyon, Hillsdale. Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit.
It reveals the average monthly rent paid for market rate apartments and rental homes in the city, excluding public housing. NeighborhoodScout's data show that during the latest twelve months, Cheyenne's appreciation rate, at 16.27%, has been at or slightly above the national average. In the latest quarter, Cheyenne's appreciation rate has been 3.47%, which annualizes to a rate of 14.60%.

Our data are built upon median house values in each neighborhood, and combine data from the United States Bureau of the Census with quarterly house resale data. The data reflect appreciation rates for the neighborhood overall, not necessarily each individual house in the neighborhood. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cheyenne differ in their investment potential, sometimes by a great deal. Homes for sale in Cheyenne, WY have a median listing home price of $360,000.
Top New Home Cities in Cheyenne
According to the most recent data on the cost of living, Cheyenne has an overall cost of living index of 97 which is 1.0x lower than the national index of 100. 41.6% year-over-year in the first quarter of 2021, growing significantly more than the smaller increase for more moderately priced homes. Median home value is the value which has equal numbers of homes valued above and below it. The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values.
